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Common use of No Action without Instructions Clause in Contracts

No Action without Instructions. If the Trust does not provide Citi with timely Instructions with respect to any discretionary action, Citi will not take any action in relation to that action.

Appears in 3 contracts

Sources: Custodial and Agency Services Agreement (Horizons ETF Trust), Custodial and Agency Services Agreement (Huntington Strategy Shares), Custodial and Agency Services Agreement (Exchange Traded Concepts Trust II)

Related Clauses

  • No Actions
  • Custodian's Acts Without Instructions
  • No Action Except Under Specified Documents or Instructions
  • No Action Except Under Specified Documents
  • No Litigation, Etc

Parent Clauses

  • Use of Discretion
  • Agent
  • The Administrative Agent
  • Miscellaneous
  • Limited Duties

Sub-Clauses

  • Right Not to Follow Certain Instructions
  • Costs and Expenses
  • Generally
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